#BTCRebound 🚨 Bitcoin Rebound Update – April 29, 2025 🚨

Bitcoin (BTC) is showing strong bullish momentum, trading around $95,239, up over 25% from its early April low of $76,000. This surge is fueled by a breakout from a four-month falling wedge pattern and a decisive close above the 200-day moving average .

Key Levels to Watch:

Immediate Resistance: $95,500 – A break above this could target $96,250 and potentially $98,800 .

Major Resistance: $100,000 – A psychological barrier; surpassing this could open the path to $107,000 .

Support Levels: Initial support at $94,200, with stronger support at $93,500. A deeper pullback could find support around $85,000 .

Market Sentiment:

Institutional Interest: Significant acquisitions by firms like MicroStrategy, which recently added 15,355 BTC, indicate strong institutional confidence .

Technical Indicators: The Relative Strength Index (RSI) is above 50, suggesting bullish momentum without being overbought .

Stay informed and manage your risk accordingly as Bitcoin navigates these critical levels.